M/s Serial Microelectronics - Dismissal of appeal by filing Form Nos.1 and 2 under VSVS 2020


Quick Summary
The Income Tax Appellate Tribunal has dismissed appeals filed by M/s Serial Microelectronics. The assessee had applied for the Vivad Se Vishwas Scheme 2020 and filed the necessary forms, including Form Nos. 1 and 2. Following the scheme's provisions and confirmation of the tax arrears and payable amount, the assessee requested the withdrawal of their appeals, which was granted by the tribunal.

Court :
ITAT Bangalore

Brief :
These are appeals by the assessee against six Orders of assessment passed by ACIT (International Taxation), Circle – 2(1), Bengaluru, all dated 29.08.2019, under section 143(3) r.w.s. 147 r.w.s. 144C of the Income Tax Act, 1961, relating to Assessment Years 2010-11 to 2015-16. 

Citation :
IT(IT)A Nos.2312 to 2317/Bang/2019

IN THE INCOME TAX APPELLATE TRIBUNAL
“C” BENCH : BANGALORE

BEFORE SHRI N. V. VASUDEVAN, VICE PRESIDENT AND
SHRI B. R. BASKARAN, ACCOUNTANT MEMBER

IT(IT)A Nos.2312 to 2317/Bang/2019
Assessment Years : 2010-11 to 2015-16

M/s. Serial Microelectronics Pte Limited
 – Liaison Office (PE),
No.504-505, 5th Floor, A Wing Mittal
Towers, MG Road,
Bengaluru.
PAN : AANCS 5495 H
APPELLANT 
 
Vs. 

The Assistant Commissioner of
Income Tax (International
Taxation),
Circle – 2(1),
Bengaluru.
RESPONDENT

Assessee by : None
Revenue by : Shri. Pradeep Kumar,CIT(DR)(ITAT), Bengaluru

Date of hearing : 01.02.2021
Date of Pronouncement : 01.02.2021

O R D E R

Per N. V. Vasudevan, Vice President:

These are appeals by the assessee against six Orders of assessment passed by ACIT (International Taxation), Circle – 2(1), Bengaluru, all dated 29.08.2019, under section 143(3) r.w.s. 147 r.w.s. 144C of the Income Tax Act, 1961, relating to Assessment Years 2010-11 to 2015-16. 

2. The assessee has moved an application in which it is stated that the assessee has filed Form Nos.1 and 2 under direct tax Vivad Se Vishwas Scheme, 2020 in respect of the present appeal. The assessee has also obtained Form 3 certificate containing particulars of tax arrears and the amount payable  in Form 3 from the Income Tax Department. In the circumstances, the assessee has prayed for withdrawing the appeal.

3. The appeals are accordingly dismissed as withdrawn.

4. In the result, assessee’s appeals are dismissed. Pronounced in the open court on the date mentioned on the caption page.
 
Sd/-                                              Sd/-
(B.R. BASKARAN)                      (N. V. VASUDEVAN)
Accountant Member                  Vice President 

Bangalore,
Dated: 01.02.2021.
/NS/*

Copy to:
1. Appellants 
2. Respondent 
3. CIT
4. CIT(A) 
5. DR, ITAT, Bangalore. 
6. Guard file

By order
 Assistant Registrar,
 ITAT, Bangalore.


 

FAQ :

The appeals were dismissed as withdrawn because the assessee opted for the direct tax Vivad Se Vishwas Scheme, 2020, and filed the required forms under this scheme.

M/s Serial Microelectronics utilised the direct tax Vivad Se Vishwas Scheme, 2020.

The assessee filed Form Nos. 1 and 2 under the Vivad Se Vishwas Scheme, 2020.

Yes, the assessee obtained Form 3 from the Income Tax Department, which contained particulars of tax arrears and the amount payable.

 



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